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For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates. The average auto loan rate for someone with excellent credit is 5.25%, according ...
4 charts that show how interest rates impact used car affordability. Cole Miller. December 15, 2023 at 12:45 PM ... Additionally, with an above-average market days supply for some hybrids, ...
During that period, the average monthly lease payment rose from $513 to $597 (interest rates can also affect leasing costs), and the average monthly car payment rose from $617 to $726.
Fed rate cuts = cheaper auto loan rates This September and November, the Federal Reserve announced rate cuts totaling 0.75%. These rate cuts will cause the interest rates on auto loans to go down.
Savings interest rates today: High-yield accounts still offer yields up to 5.10% even as Fed cut looms — Dec. 12, 2024 Yahia Barakah December 12, 2024 at 8:17 AM
A reduction in used-car prices is likely one of the incentives bringing them back. The average used car in the first quarter of this year sold for $27,113, which is a 4.5% drop from the same time ...
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